Banking & Finance: Financial Services Regulation
Europe Guide 2024 : Spain
Band 2
About
Provided by Deloitte Abogados y Asesores Tributarios, S.L.U.
Since its creation in 2007 the Deloitte Financial Regulatory Department has rapidly grown, to become one of the best-known departments in Spain, with the largest list of clients and a significant number of lawyers dedicated to financial regulation. We work with more than 40 clients per year and our team is formed by around 20 persons exclusively dedicated to financial regulation (probably the biggest team on this matter in Spain).
Over the last years the Department has attracted a number of important mandates in matters such as (i) MiFID II advice projects, (ii) PSD2 implementation projects; (iii) Banking and asset managers restructuring transactions; (iv) M&A transactions and regulatory proceedings related to those transactions; (iv) Investment funds works (UCITS and AIFMF); and (v) fintech-related advice –for both fintechs and financial institutions-.
Also we launched and developed an online tool to track the financial regulation developments that is being highly appreciated by our clients (Regulatory Space). It is a multi-device, multi-language on-line tool accessible 24x7 and updated daily. This has been integrated in the regulatory implementation workflow of some of the biggest banks in Spain.
On top of that, we have recently advised on digital transformation and legal digital topics to some of the most significant banks in Spain (Bankia, Sabadell, ING, Openbank, Unicaja, etc.), helping them to improve user experience while keeping legal certainty.
Chambers Review
Deloitte Legal offers a strong banking and finance regulatory department. The Madrid-based team regularly advises international and national banks, investors and corporates on a range of regulations from MiFID II and PSD2 to AML. Furthermore, clients benefit from Deloitte's expertise in product launches and market expansions, digital services outsourcing issues and corporate transactions requiring comprehensive regulatory assessments. Aided by its global office network, the law firm is well placed to assist with cross-border transactions.
Work Highlights
- Deloitte assisted Banco Santander with the regulatory aspects of its strategy behind the payments solution PagoNxt.
Strengths
Provided by Chambers
"The team has demonstrated expertise and well-versed knowledge of the present regulation while also anticipating new regulations."
"They have an excellent perspective on how to solve complex matters."
"We always receive their advice on time, regardless of the complexity of the matter."
"The team has demonstrated expertise and well-versed knowledge of the present regulation while also anticipating new regulations."
"They have an excellent perspective on how to solve complex matters."
"We always receive their advice on time, regardless of the complexity of the matter."
Notable Practitioners
Francisco Javier Ramírez gains recognition for his strength in banking and finance regulation mandates, where he advises clients on digital payment services, product launches and corporate transactions requiring regulatory assessments.
"He is always attentive to our needs, offering information about new regulation and answering on time."
"He demonstrated availability and speed when answering all our questions."
"Francisco Javier Ramírez provided a vision."
"He understands the problem and he adapts. He provides effective, intelligent and creative solutions."
Senior associate Eva Santervas has a growing presence on complex banking and finance regulation mandates. Her practice encompasses digital banking transformations, cryptocurrency regulation and market launches.
Ranked Lawyers at
Deloitte Abogados y Asesores Tributarios, S.L.U.
Spain
Members
Provided by Deloitte Abogados y Asesores Tributarios, S.L.U.
Eva Santervás
Francisco Javier Ramírez Arbues
Head of Department
Ignacio Echenagusia
Inés Gutiérrez
Manuel Gómez
María Guinot